# Weekly Governance Recaps

**URL:** <https://forum.moonwell.fi/t/weekly-governance-recaps/786>\
**Category:** Updates\
**Tags:** boardroom\
**Created:** [February 12, 2024, 10:57pm UTC](https://forum.moonwell.fi/t/weekly-governance-recaps/786 "2024-02-12T22:57:45Z")\
**Posts on this page:** 1\
**Showing post:** 52

<div class="post-metadata">

**Author:** ![Boardroom](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/boardroom/32/1282_2.png) [@Boardroom](https://forum.moonwell.fi/u/Boardroom)\
**Post date:** [February 10, 2025, 2:49pm UTC](https://forum.moonwell.fi/t/weekly-governance-recaps/786/52 "2025-02-10T14:49:41Z")

</div>

# **Weekly Governance Update: Week of February 3rd, 2025**

Two Snapshot proposals went up for a vote this week.

## **Proposals**

[**Bolstering Moonwell’s Safety Module: Rewarding Stakers via Reserve Auctions**](https://snapshot.moonwell.fi/#/proposal/0x6acded65acc6e21394e3c92ecfc9f12651057966fa346387b1f5c69224cf8d62)  
**Summary** : Two weeks ago, Luke created a forum proposal that is acting as a follow-up to October’s “[Increasing Governance Participation](https://forum.moonwell.fi/t/increasing-governance-participation/1275)” proposal. Excess revenue would be auctioned off for WELL and used to bolster the Safety Module Ecosystem Reserve. This week, Gauntlet [signaled support](https://forum.moonwell.fi/t/increasing-governance-participation-and-rewarding-voters-part-2/1525/16) for the proposal and recommended minimum reserves for each asset. It went up for a Snapshot vote shortly after. It was successfully passed.

[**Add USDe to Moonwell Core Market on Base and Optimism**](https://snapshot.moonwell.fi/#/proposal/0x7790b0011118541b119377735e6309cbfcd88885d1f12974b6e5d589f7fe961d)  
**Summary** : Azgardadmin.eth created a [forum proposal](https://forum.moonwell.fi/t/add-usde-ethena-usd-token-to-moonwell-markets-on-base-and-optimism/1534) to add USDe to Moonwell Core Markets on Base and Optimism at the end of January. This week, it was submitted as a Snapshot vote, which was successful.

## **Contributor Updates**

**Forum post** : [Gauntlet Weekly Market Update](https://forum.moonwell.fi/t/gauntlet-weekly-market-updates/1273/18)  
**Author** : [Gauntlet](https://forum.moonwell.fi/u/gauntlet/summary)  
**Summary** : Gauntlet posted a weekly update on Monday for the Moonwell markets covering the previous week.

- **Base** : Two assets had an average supply cap usage of over 75%: weETH (99.38%) and rETH (79.60%). The deployment had 11 asset liquidations in the past week: mWETH ($972.63K), mAERO ($385.28K), mUSDC ($12.95K), mcbBTC ($6.52K), mwstETH ($3.77K), mWELL ($1.59K), mweETH ($1.31K), mcbETH ($701.50), mEURC ($365.29), mwrsETH ($109.11), and mrETH ($83.07).
- **Optimism** : Four assets had an average utilization of over 75%: USDC (89.86%), USDT (89.61%), DAI (89.56%), and WETH (89.75%). The deployment had nine asset liquidations in the past week: mVELO ($132.78K), mOP ($75.84K), mWETH ($17.98K), mwstETH ($1.07K), mcbETH ($1.03K), mUSDC ($475.45), mrETH ($198.55), mweETH ($150.56), and mWBTC ($27.00).
- **Moonbeam** : No assets had an average utilization of over 75%. The deployment had seven asset liquidations in the past week: mDOT ($126.51K), mGLMR ($99.85K), mETH.wh ($1.91K), mxcUSDT ($785.10), mWBTC.wh ($159.96), mxcUSDC ($148.76), and mUSDC.wh ($0.62).
- **Moonriver** : One asset had an average utilization of over 75%: FRAX (89.66%). The deployment had two asset liquidations in the past week: mMOVR ($2.34K) and mxcKSM ($1.18K).

…

**Forum post** : [Gauntlet - Cap Recommendations](https://forum.moonwell.fi/t/gauntlet-caps-recommendation-proposals/1300/21)  
**Author** : [Gauntlet](https://forum.moonwell.fi/u/gauntlet/summary)  
**Summary** : Gauntlet announced they would use Cap Guardian to change caps throughout the week:

- rETH (Base) Borrow Cap from 450 to 900
- WELL (Base) Borrow Cap from 37.5M to 75M

## **Community & Integrations**

**Forum post** : [Add IDRX to Moonwell Ecosystem on Base](https://forum.moonwell.fi/t/add-idrx-to-moonwell-ecosystem-on-base/1562)  
**Author** : [luthfixbt](https://forum.moonwell.fi/u/luthfixbt/summary)  
**Summary** : On Thursday, @luthfixbt proposed the addition of an IDRX (Indonesian Rupiah stablecoin) Core Market on Base. Included in the proposal are a market risk assessment, decentralization info, oracle assessment, and more.

## **Upcoming Events in Governance**

### **Monthly Governance Call**

Look for the next Monthly Governance Call in Discord on the **last** Thursday of next month, March 27th.

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_[View the full topic](https://forum.moonwell.fi/t/weekly-governance-recaps/786)._